Best Banks that accept non residence and accept dealing with Crypto

[WoWNull]

Hello,
I have a client which searching for a bank that can fit for his needs, and i hope some of you can guide me for this.

1 - accepting international swift without fees with 100k $ to 250k$ every few months ( and can be on monthly bases )
2 - accepting the account holder to be personal or a company non-residents ( the client non-EU and non-USA ) he can travel to the bank if it's required.
3 - the bank should be a street bank with a really high trust score.
4 - can transfer the money to any crypto exchange platform without question or any trouble, along with receiving this money from the crypto exchange.


for privacy and taxation is not important.

waiting for your suggestions.

 

[dlttrading]

hm, this might only work if your client has full documentation of the crypto / fiat funds .
I would try to use EMI´s as they are in general more crypto friendly for new clients from non EU. Other EU clients who have history and documentation can probably use a lot of banks .
I would maybe try Countries with big expat real estate market. Than you can pretend that you want to buy a Villa . Using real estate investment plan is good to open bank account for non EU clients I think. You need some economic connection to the country where you want to open the bank account . Without any economic (or family) connection it is allways shady because the banker will ask "why the hell does this stranger wants open account in our bank..."

 

[WoWNull]

dlttrading said:
hm, this might only work if your client has full documentation of the crypto / fiat funds .
I would try to use EMI´s as they are in general more crypto friendly for new clients from non EU. Other EU clients who have history and documentation can probably use a lot of banks .
I would maybe try Countries with big expat real estate market. Than you can pretend that you want to buy a Villa . Using real estate investment plan is good to open bank account for non EU clients I think. You need some economic connection to the country where you want to open the bank account . Without any economic (or family) connection it is allways shady because the banker will ask "why the hell does this stranger wants open account in our bank..."
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well the main reason is the guy want to deal with crypto with less amount of fees.

as for documentation yes all are ready, the guy is high paid salary with big relation and he is in bank sectors for around 30y.

i found now PAX they accept direct swift so i am trying to contact them but no response yet.

 

[dlttrading]

I heard good stuff about banks in Singapore. But in general you will have to pay high fees . Why should the bank support a non resident client without economic substance and connection to the country? If I would be the bank I would not do this because maybe he is laundering some illicit funds. Banks know that they can not trust foreign documents and official stamps because of high corruption...

 

[WoWNull]

dlttrading said:
I heard good stuff about banks in Singapore. But in general you will have to pay high fees . Why should the bank support a non resident client without economic substance and connection to the country? If I would be the bank I would not do this because maybe he is laundering some illicit funds. Banks know that they can not trust foreign documents and official stamps because of high corruption...
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the issue that banks in his country not allowing crypto

 

[dlttrading]

I would suggest using stable coins ( USDT etc. ) if your client need to send funds from one exchange to an other exchange.
Later you search a partner who buys the crypto from your client OTC.
The buyer has no connection to crypto so he is not blacklisted by banks.
Your client write bill to buyer for consultancy services.
If you use offshore company you could also avoid paying any taxes.
Other question: What is the goal of having the funds in onshore EU bank other than receiving and sending from exchanges ?

 

[dlttrading]

You can easily get around all banks if you make good plan. Crypto is great so I allways would try to avoid banks and go directly from crypto to hard assets if needed( real estate, stocks, bonds, gold , watches , cars ) .
There are more and more ways to convert crypto directly to other assets without using banks directly

 

[WoWNull]

dlttrading said:
I would suggest using stable coins ( USDT etc. )
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Yes that's why checking PAX as its stable and they accept swift

dlttrading said:
Other question: What is the goal of having the funds in onshore EU bank other than receiving and sending from exchanges ?
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well he need a trusted high score bank to put his money, as he have project to build some kind of exchange and he need to build a profile with good assets that support the platform.

 

[WoWNull]

dlttrading said:
There are more and more ways to convert crypto directly to other assets without using banks directly
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well he need crypto =D

 

[dlttrading]

This is even easier. You can buy crypto OTC from private persons or companies so the transaction is not blacklisted.
When the bank ask why you send the money you need to find other good reason what you tell the banksters 🙂

 

[dlttrading]

Maybe some relatives living abroad can support your client. He send the money as Family Loan for family member abroad . Family member receives the funds in Bank A. Then he send the money to his Bank B in same country. Now he sends the money to exchange and buy crypto for your client

 

[WoWNull]

dlttrading said:
This is even easier. You can buy crypto OTC from private persons or companies so the transaction is not blacklisted.
Click to expand...

because still he didn't find someone accept to do transactions with less than 1% fees

the plan is
get the money from his bank locally to bank that has IBAN, SWIFT that accept send money to any Exchange like Binance, Crypto.com, etc... and he buy with that.

he have a connection with some exchanges in the region but they ask for 4% for adding money + 0.1% per transactions along with max amount per transaction

he need to buy PAX or USDT with 100k without fees

 

[dlttrading]

LOL your client is living in a shitty country what blocks crypto and now he is not able to pay 1% to get around this shitty governmet? I think 1% is very cheap for the goal and use case..... Even 4 % is kind of okay for money which has to go around capital restictions...
Sorry but I don´t know what to say about this. For me it seems that your client is very very stingy. From my point of view he should be very happy to able to go around his shitty governmet for only 1-4% fee

 

[WoWNull]

well for him he want to do this every 2 to 3 months, so for him he don't want to pay any extra fees =D

anyway we are going to try PAX hopefully things will be ok with them, will update you about this.

as this will be without any single fees, only 20$

 

[dlttrading]

I can only recommend you to pay the 1-4 % if he trusts these ways. Better pay 1-4 % without any stress than risking other issues like frozen funds , stolen funds, hacked exchanges , blocked bank account in EU etc

 

[dlttrading]

WoWNull said:
Yes that's why checking PAX as its stable and they accept swift


well he need a trusted high score bank to put his money, as he have project to build some kind of exchange and he need to build a profile with good assets that support the platform.
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I think the right way for professional use would be some cover licence like "brokerage / crypto trading / crypto exchange etc in Singapore. Than the banks also should support the planed exchange what your client wants to setup.

 

[pipona]

dlttrading said:
You can easily get around all banks if you make good plan. Crypto is great so I allways would try to avoid banks and go directly from crypto to hard assets if needed( real estate, stocks, bonds, gold , watches , cars ) .
There are more and more ways to convert crypto directly to other assets without using banks directly
Click to expand...

Sorry if this is off-topic. How do you buy bonds with crypto while avoiding banks?

 

[dlttrading]

pipona said:
Sorry if this is off-topic. How do you buy bonds with crypto while avoiding banks?
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For example you can use probably some brokers who accept Crypto as a deposit method.
I am not 100% sure if they also have bonds so maybe I should not have mention this word. Maybe I am wrong. For stocks this is working. Be carefull when choosing the broker as there were many scams around. And the scammers often used BTC so in the past this looked for me allways dodgy but I am sure that more and more serious Brokers offered also BTC deposits.

In the future there will be probably more and more security token which you can invest in. So probably you will also be able to buy security token of some investment funds etc. which holds in their portfolio a certain amount of bonds.

 

[moneyhoney]

dlttrading said:
There are more and more ways to convert crypto directly to other assets without using banks directly
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Really? For instance?